6 Reasons Why Companies Choose QR Codes For Fixed Asset Management

Fixed Asset management is a crucial part of any business. In an increasingly technology-centric world, the demand for fixed asset management solutions is immense.

Manual fixed asset management has several pitfalls – low return on investment, unable to identify assets in multiple locations, claiming insurance, the value of the asset over a period of time, and incompetence to identify the unused asset.

However, when it comes to asset management, there are two main things that businesses must ask:

  1. What technology should be used for easy automation?

  2. How can we develop a good asset management plan?

Digital fixed asset management is an excellent way to automate and streamline processes, and one such tool is QR Codes for asset management. QR Codes for asset management can help a business save money, keep track of both ghost and zombie assets seamlessly, and reduce the time of action.

6 Reasons Why Companies Choose Qr Codes For Fixed Asset Management:


  1. Ease to use

With many technologies such as RFID and GPS tags available, QR Codes are the best option for asset management for businesses.

Most smartphones are equipped with a native QR Code reader that helps businesses and brands keep their cost down and streamline their processes since it eliminates the need to purchase equipment exclusively for scanning products.

QR Codes can also be integrated into other asset tracking software in the form of QR Code asset tags, making it easy for businesses to maintain schedules, track products, and check pieces of equipment.


  1. Accelerate asset management and identification

Although barcodes were used extensively for asset management, they cannot store a high amount of data, require additional barcode scanners, and are difficult to troubleshoot.

QR Codes on the other hand do not require additional scanners and software making the process easier. In addition, QR Codes increase the speed of the process since they can hold more data instead of barcodes, making it easier and quicker to scan and store.

Embed QR Codes on assets and ditch spreadsheets to improve processes. QR Codes for asset management allow businesses to instantly view and edit data about any product instead of waiting to open the relevant spreadsheet on the computer and manually update their details.


  1. Widespread accountability for assets

The foremost importance of switching to QR Codes for asset management is that they provide accountability for creating a fixed asset register automatically.

A fixed asset register is nothing but physical assets that can be used such as laptops, printers, chairs, and desks.

QR Codes for asset management can help businesses monitor their fixed assets closely by tracking their location and who they are handled by. In addition, they also help with the transparency of the condition of the assets.


  1. Enhanced responsibility amongst employees

Another added advantage of leveraging QR Codes for asset management and tracking is the increase in responsibility it instills in employees.

QR Codes are dynamic, aiding businesses when they have to deploy and maintain massive amounts of assets at a time. It is rather challenging to maintain a log for assets that have to be mass deployed – in such cases, QR Codes can help businesses revive the uniquity.

Make use of QR Codes for asset tags that can be easily scanned and help businesses identify unique tools with a single scan and avoid confusion.


  1. QR Code asset tracking

Dynamic QR Codes can be easily tracked in real-time without installing additional software or hardware. Considering the vast number of assets that have to be tracked and maintained, QR Codes are the perfect solution.

QR Codes can be scanned easily via smartphones or tablets using their native cameras, eliminating the need to download any additional software or hardware. Besides, QR Codes for inventory management and asset tracking is a great tool to store all the information in one place to help businesses get a clear picture of what is going on.

Manual systems make it difficult to update and keep track of assets outside of the designated location, whereas, with the aid of QR Codes, asset tracking can be done from anywhere.


  1. Process Transparency

Manual asset management and tracking give room to human errors and complications in the process. Besides, supervising assets is increasingly difficult with manual asset tracking.

QR Codes help tackle the issue since they can be tracked in real-time.

You can store and keep track of assets in a single webpage with the help of QR Codes and improve the automation process.